83 Walker Street NORTH SYDNEY

Investment & Future Development Opportunity

Price:
E.O.I Close 21 March 2019

83 Walker Street is a rare opportunity to acquire a strategic freehold with income and potential to add value through future development.

Existing Building

The existing building is on 4 storeys and is leased to 7 retail and office tenants. In addition to a busy Thai Café there are a number of quasi retail tenants including a Pilates and Yoga Studio. For these tenants 83 Walker Street is an ideal location.

Key Points

Freehold in the heart of North Sydney

NLA approx.. 897sqm – retail & offices

Ground floor café + 6 office suites

Leased to 7 tenants + Optus

Passing income approximately $320,000 p.a. net

Many existing leases are at sub-market rents giving potential to increase the passing income